Santander: FY earnings up 18%
(CercleFinance.com) - The Santander stock is down 0.
9% in Madrid today after the company published FY 2018 net income, group share that is up 18% at 7.81 billion euros, above the consensus.
The Spanish bank said it has benefited from strong growth in customer revenues in several markets, including Brazil, Spain, Mexico and the US, combined with improvements in credit quality.
These favourable factors more than offset the impact of exchange rate depreciations against the euro in certain currencies, including the Argentine peso, Santander adds, which also posted an 18% rise in its underlying profit at constant exchange rates.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
9% in Madrid today after the company published FY 2018 net income, group share that is up 18% at 7.81 billion euros, above the consensus.
The Spanish bank said it has benefited from strong growth in customer revenues in several markets, including Brazil, Spain, Mexico and the US, combined with improvements in credit quality.
These favourable factors more than offset the impact of exchange rate depreciations against the euro in certain currencies, including the Argentine peso, Santander adds, which also posted an 18% rise in its underlying profit at constant exchange rates.
Copyright (c) 2019 CercleFinance.com. All rights reserved.